Is the SBA currently withholding, delaying or otherwise failing to obligate any of that appropriated funding? Ranking Member Hoyer. No. In fact, We are facilitating the release of those funds that under the Biden administration as far back as 2021 were never provided, which were required statutorily to be sent out. We're managing $340 million. When we came in on day one, that had never been dispersed and we had to entirely fix the technology that supported it, the Grants Management Program. (00:30–00:43)
CLAIM
Asserts that funds required by law were not provided by the Biden administration since 2021.
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